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Network advises Spreewaldkonserve Golßen on sale to Andros

Photo: Spree­wald canned Golßen: Cucumbers
20. Janu­ary 2021

Golßen/ Düssel­dorf — The share­hol­ders of the fruit and vege­ta­ble proces­sing company Spree­wald­kon­serve Golßen have sold all their shares to the French Andros Group, Biars-sur-Cère, as part of a stra­te­gic part­ners­hip. The tran­sac­tion compri­ses the two company divi­si­ons and produc­tion sites in Golßen/Germany and in Szigetvár/Hungary. Network Corpo­rate Finance exclu­si­vely advi­sed Spree­wald­kon­serve Golßen and its share­hol­ders on the transaction.

Tran­sac­tion

The share­hol­ders of the fruit and vege­ta­ble proces­sing company Spree­wald­kon­serve Golßen sell their shares to the Andros Group as part of a stra­te­gic part­ners­hip. Andros, with annual sales of more than EUR 2.2 billion in 2019 and head­quar­te­red in Biars-sur-Cère in southern France, is a leading manu­fac­tu­rer of jams, fruit and dairy products. Already since 1991, the company has been present in Germany through the fruit manu­fac­tu­rer of the Oden­wald brand in Breu­berg. Further­more, the Elster­werda dairy plant with the “Mark Bran­den­burg” brand belongs to the group. With the acqui­si­tion of Spree­wald­kon­serve, Andros streng­t­hens its posi­tion in Germany and in the fruit and vege­ta­ble proces­sing market and plans to leverage syner­gies in regio­nal sourcing and distribution.

About Spree­wald Preserve Golßen

In Golßen (Dahme-Spree­­­wald), canned goods have been produ­ced with local fruit and vege­ta­ble products since 1946. The owners of Spree­wald­kon­serve are the third genera­tion to run the busi­ness and have a company history of over 100 years, which began in the Lower Rhine region at the end of the 19th century. Around 32 diffe­rent types of fruit and vege­ta­bles are proces­sed into various special­ties every year. The product range inclu­des 250 items incl. private labels and is distri­bu­ted in over 30 coun­tries. In eastern Germany, the “Spree­wald­hof” brand is the market leader for pick­les in jars. www.spreewaldhof.de

About Network Corpo­rate Finance

Network Corpo­rate Finance is an inde­pen­dent, owner-mana­­ged advi­sory firm focu­sed on mergers and acqui­si­ti­ons, capi­tal markets tran­sac­tions, and equity and debt finan­cing. We advise both estab­lis­hed and young compa­nies in a wide range of indus­tries. With our team of more than 20 employees at our offices in Düssel­dorf, Berlin and Frank­furt, we have estab­lis­hed oursel­ves as one of the most success­ful inde­pen­dent corpo­rate finance consul­ting firms in Germany since our foun­da­tion in 2002. www.ncf.de

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